Antimicrobial Susceptibility Testing Market Insights
The global antimicrobial susceptibility testing market is expected to grow at a significant CAGR over the forecast period. This growth is mainly attributed to rising government initiatives towards detection and prevention of antimicrobial resistant species. Along with this, increasing consumption of drugs coupled with growing incidence of infectious diseases is also likely to stimulate the market for the product.
Moreover, growing number of microorganisms resistant to antimicrobial drugs coupled with high incidence rate of antimicrobial-resistant infections such as recurring urinary tract infection (UTI) and persistent sore throat among others is expected to augment market growth over the coming years. The increasing number of automated testing equipment and methods for detection of antimicrobial susceptibility is also anticipated to foster market growth.
However, factors such as unfavorable reimbursement scenario are projected to affect the profitability of market.
Antimicrobial Susceptibility Testing Market: Product Insights
On the basis of product, the antimicrobial susceptibility testing market is segmented into automated system, manual susceptibility testing products, culture & growth media, and consumable. The market for manual susceptibility testing devices is expected to occupy the highest share on account of rising incidence of infectious diseases. Moreover, factors such as ease of use and low cost associated with the products are likely to boost market growth.
Antimicrobial Susceptibility Testing Market: Method/ Type Insights
By method, the antimicrobial susceptibility testing market is segmented into dilution, disk diffusion, automated AST, ETEST, and genotypic methods. The ETEST segment is anticipated to witness a significant growth over the forecast period on account of its factors such as flexible nature and low cost.
On the basis of type, the industry is segmented into antibacterial, antifungal and antiparasitic among others. The antibacterial segment is anticipated to grow at a healthy CAGR owing to rising incidence of infections caused by bacterial pathogens. Moreover, increasing guidelines streamlining the process of AST is also projected to augment market growth.
Antimicrobial Susceptibility Testing Market: Application/ End-User Insights
Antimicrobial Susceptibility Testing finds its application in Clinical Diagnostics, Drug Discovery and Epidemiology among others. The clinical diagnostics segment is anticipated to dominate the market over the forecast period owing to rising awareness associated with the use of antimicrobial susceptibility testing methods.
Based on end-user, the antimicrobial susceptibility testing market is segmented into research & academic institutes, pharmaceutical & biotechnology companies, contract research organizations, and diagnostic laboratories & hospitals.
Antimicrobial Susceptibility Testing Market: Regional Insights
North America occupied the largest share of this market since the past few years. This can be attributed to rising adoption of advanced susceptibility testing methods. Along with this, growing prevalence of antimicrobial resistance is also likely to boost the market growth.
Asia Pacific is also expected to emerge as a key revenue generating region due to the presence of key manufacturers.
Antimicrobial Susceptibility Testing Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Antimicrobial Susceptibility Testing Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase antimicrobial susceptibility testing over the coming years. Some leading consumers of this market are Roche, Merck, and Novartis among others.
Antimicrobial Susceptibility Testing Market: Market Share & Competitor Analysis
Some of the key players profiled in the antimicrobial susceptibility testing market include HiMedia Laboratories, Thermo Fisher Scientific Inc., BioMerieux, Inc., Bio-Rad Laboratories, Inc., Laboratorios CONDA, S.A., Creative Diagnostics, Beckman Coulter, Inc., Alifax S.r.l., and Becton, Dickinson and Company among others
Avail customized purchase options to meet your exact research needs: